Housewife loses over RM30k to investment scam syndicate

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KEPALA BATAS (Bernama): A housewife has lost RM34,892 after falling victim to an online investment syndicate, which promised a return of more than 10 times the original investment in just three days.

Seberang Prai Utara police chief ACP Noorzainy Mohd Noor said the 57-year-old woman had withdrawn her EPF savings and transferred them to a bank account given by the syndicate.

"Without ensuring the legality of the investment, the woman made a total of 22 transactions at banks in Bertam Indah and Tasek Gelugor here," he said on Friday . ACP Noorzainy said the woman only realised she had been duped after failing to receive any return after more than a week before lodging a police report on Thursday . - Bernama

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